Over the past few years crowdsourcing has receied a great deal of attention. This is most certainly a combination of social media and the adoption by startups and small businesses. Now while we are seeing an increase in attention — more serious questions are being asked by CEO’s and senior executives.

  1. What is crowdsourcing?
  2. How is crowdsourcing used?
  3. How big is crowdsourcing?
  4. What are the downsides of crowdsourcing?

One of the reasons why I enjoy infographics is because — especially if done well — they do a very nice job in taking a great deal of boring data and make it easy to digest.

So the infographic provided below is by BizMedia and it does a very nice job answering many of the above questions. Please let me know what you think and I hope you find the information useful.